Bank of England Electronically creates new money QE
To execute quantitative easing, central banks increase the supply of money by buying government bonds and other securities. Increasing the supply of money lowers the cost of money—the same effect as increasing the supply of any other asset in the market. … When interest rates are lower, banks can lend with easier terms.
GBP Down vs other currencies (BoE interest Rate & QE in Focus)
The British Pound (GBP) has unexpectedly weakened against other currencies, catching many traders, including myself, off guard. Ordinarily, I wouldn’t have focused on the GBP, seeing no compelling reason to scrutinize it closely. My routine involves monitoring our website, and it was during one such session that I briefly glanced at the Technical Summary. There, […]